Re: [] The Day The Bubble Died

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From: Gregory Alan Bolcer (
Date: Fri Dec 22 2000 - 13:05:49 PST

That's so funny. I was just going to say it looks just
like the British Pound chart right before the day George Soros
had his billion dollar day shorting the currency.


Tony Berkman wrote:
> Having spent many years working as a quantitative analyst at a hedge fund,
> one thing I've found to be true time and again is that in most charts, you
> can always find just what you are looking for to reconfirm a preconceived
> notion. I have grown to take with a grain of salt many terms often used to
> describe the various types of markets for precisely the reason Linda
> mentions - much depends on time frame and perception. In other words, one
> can always make the case that the "long term trend" of ANY market is up, as
> long as you go back far enough in time. Since this is true of all markets
> at all times, I would offer that the very notion of a "long term trend" is
> meaningless.

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